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What Financing Could Mean for Public Electric Car Charging

ChargePoint last week announced a financing program that allows companies and municipalities to install EV chargers with no upfront cost. It’s called the Net+ Purchase Plan. The idea is to overcome the reluctance of property owners to invest in electric car charging by removing a big cash outlay, and promising a quick positive cash flow.

The new offer is a partnership between ChargePoint and Key Equipment Finance, an affiliate of KeyCorp. The lease-to-own program for charging stations covers purchase cost of the station, installation cost, operational services, and warranty. It tries to follow the success of the solar industry, which saw rapid growth after offering private and commercial customers the ability to install solar panels with little or no money down.
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